Location: Philadelphia-Camden-Wilmington, PA | Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,620 |
| 1 Bedroom | $1,750 |
| 2 Bedrooms | $2,100 |
| 3 Bedrooms | $2,500 |
| 4 Bedrooms | $2,760 |
| 5 Bedrooms | $3,202 |
| 6 Bedrooms | $3,586 |
| 7 Bedrooms | $3,873 |
| 8 Bedrooms | $4,067 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 4BR | $2,760 | $1,102,351 | 0.25% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 19437 in fiscal year 2024 is set at $2000. This figure represents the payment standard for Section 8 vouchers in your area, which means that the government will pay up to $2000 per month for a rental unit. However, this does not dictate the rent you can charge; it merely sets the upper limit for the subsidy.
In ZIP 19437, the median market rent is currently listed as N/A, indicating there's limited data available on typical rents. Despite this, the 0.0% renter share suggests that very few residents in this area rely solely on Section 8 vouchers for housing. This could mean lower competition among landlords for these tenants, but also implies a potentially smaller pool of eligible renters.
If you're considering acquiring a property specifically for Section 8 rentals, the average acquisition cost in this ZIP code is $1,125,390. This amount represents the typical price you might expect to pay for a property suitable for such a program. It’s crucial to understand that this cost doesn’t necessarily reflect the ongoing financial viability of the investment, as it depends heavily on the monthly rent collected and other factors like maintenance costs.
To make an informed decision, verify the condition of any potential property before purchasing. A well-maintained property can save you significant costs in repairs and maintenance, which are often higher in subsidized housing due to stricter inspection requirements. The $2000 FMR provides a clear guideline for the subsidy amount, but ensuring the property meets all necessary standards will be key to avoiding unexpected expenses.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.